May CFA lev1 Mock Exam session2

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  국제금융

  2021년 08월 05일 08:16

  안녕하세요 이패스코리아입니다^^

  답변이 늦어져 죄송합니다 아래 해설 참고부탁드립니다. 

   

  60. C When interest rates are negatively correlated with the price of the underlying asset, the mark-to-market cash flows on the futures contract will require cash when interest rates are higher and provide cash when interest rates are lower. (Study Session 16, Module 49.2, LOS 49.g)

   

  77. C Duration is a linear measure, but the relationship between bond price and yield is actually convex, causing the estimated price change to always be low if duration alone was used. (Study Session 17, Module 46.1, 46.3, LOS 46.b, 46.h)

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